analisis pengaruh kebijakan utang, profitabilitas...
TRANSCRIPT
LAMPIRAN-LAMPIRAN
Lampiran 1
Kode dan Nama Perusahaan Sampel
No Nama Perusahaan Kode
1 Astra Argo Lestari Tbk AALI
2 PP London Sumatra Indonesia LSIP
3 Sampoerna Agro Tbk SGRO
4 Adaro Energy Tbk ADRO
5 Indika Energy Tbk INDY
6 Medco Energi International Tbk MEDC
7 Perusahaan Gas Negara (persero) Tbk PGAS
8 Duta Graha Indah Tbk DGIK
9 Jaya Kontruksi Manggala Pratama Tbk JKON
10 Petrosa Tbk PTRO
11 Wijaya Karya (persero) Tbk WIKA
12 Delta Jakarta DLTA
13 Fast Food Indonesia Tbk FAST
14 Indofood Sukses Makmur Tbk INDF
15 Mayora Indah MYOR
16 Multi Bintang Indonesia MLBI
17 Sinarmas Agro Resources and Technology (SMART) Tbk SMAR
18 Tunas Baru Lampung Tbk TBLA
19 Gudang Garam Tbk GGRM
20 Sepatu Bata Tbk BATA
21 AKR Corporindo Tbk AKRA
22 Budi Acid Jaya Tbk BUDI
23 Colorpak Indonesia Tbk CLPI
24 Sorini Agro Asia Corporindo Tbk SOBI
25 Tripolyta Indonesia TPIA
26 Ekadharma International Tbk EKAD
27 Resource Alam Indonesia Tbk KKGI
28 Asahimas Flat Glass Tbk AMFG
29 Trias Sentosa Tbk TRST
30 Yanaprima Tbk YPAS
31 Indocement Tunggal Prakarsa Tbk INTP
32 Semen Gresik (persero) Tbk SMGR
33 Lion Metal Works Tbk LION
34 Lion mesh Prima Tbk LMSH
35 Arwana Citra Mulia Tbk ARNA
36 Surya Toto Indonesia Tbk TOTO
37 Sumi Indo Kabel Tbk IKBI
38 Supreme Cable Manufacturing & Commerce Tbk SCCO
29 Astra Graphia Tbk ASGR
40 Metrodata Electronics Tbk MTDL
41 Astra Internasional Tbk ASII
42 Astra Otoparts Tbk AUTO
43 Goodyear Indonesia Tbk GDYR
44 Indospring Tbk INDS
45 Indo Kordsa BRAM
46 Intraco Penta Tbk INTA
47 Selamat Sempurna Tbk SMSM
48 Tunas Ridean Tbk TURI
49 United Tractor Tbk UNTR
50 Darya-Varia Laboratoria Tbk DVLA
51 Kalbe Farma Tbk KLBF
52 Merck Tbk MERK
53 Taisho Pharmaceutical Indonesia Tbk SQBI
54 Tempo Scan Pacific Tbk TSPC
55 mandom Indonesia Tbk TCID
56 Mustika Ratu Tbk MRAT
57 Unilever Indonesia Tbk UNVR
58 Telekomunikasi Indonesia (Persero) Tbk TLKM
59 XL Axiata Tbk EXCL
60 Ancora Indonesia Resources Tbk OKAS
61 Enseval Putera Megatrading Tbk EPMT
62 Ramayana Lestari Sentosa Tbk RALS
63 Alam Sutra Realty Tbk ASRI
64 Jaya Real Property Tbk JRPT
65 Metropolitan Kentjana Tbk MKPI
66 International Nickel Indonesia INCO
67 Pembangunan Jaya Ancol Tbk PJAA
68 Summarecon Agung Tbk SMRA
69 plaza Indonesia Realty Tbk PLIN
70 Surya Citra Media Tbk SCMA
Lampiran 2
Data yang diolah:
No Tahun Kode DAR ROA CR MBVA Jenis DPR
1 2009 AALI 0.151 0.219 1.826 4.909 1 0.356
1 2010 AALI 0.149 0.229 1.932 4.074 1 0.511
2 2009 LSIP 0.213 0.146 1.419 11.955 1 0.394
2 2010 LSIP 0.181 0.186 2.393 2.573 1 0.276
3 2009 SGRO 0.317 0.125 2.612 2.476 1 0.390
3 2010 SGRO 0.009 0.157 1.892 2.345 1 0.300
3 2009 ADRO 0.588 0.054 1.420 1.892 2 0.177
4 2010 ADRO 0.541 0.103 1.810 2.551 2 0.389
5 2009 INDY 0.154 0.115 13.188 1.039 2 0.500
5 2010 INDY 0.313 0.108 0.995 3.688 2 0.323
6 2009 MEDC 0.643 0.094 1.550 1.078 2 0.413
6 2010 MEDC 0.642 0.037 2.040 1.204 2 0.234
7 2009 PGAS 0.626 0.267 2.752 18.511 2 0.161
7 2010 PGAS 0.510 0.221 3.910 4.336 2 0.560
8 2009 DGIK 0.386 0.045 0.175 0.709 6 0.182
8 2010 DGIK 0.402 0.036 1.912 0.918 6 0.196
9 2009 JKON 0.562 0.082 1.509 1.961 6 0.245
9 2010 JKON 0.611 0.059 1.350 1.822 6 0.356
10 2009 PTRO 0.589 0.820 1.340 1.174 6 0.964
10 2010 PTRO 0.458 0.190 1.040 1.768 6 0.318
11 2009 WIKA 0.713 0.033 1.444 1.064 6 0.024
11 2010 WIKA 0.695 0.045 1.407 1.358 6 0.020
12 2009 DLTA 0.211 0.166 4.531 1.529 5 0.443
12 2010 DLTA 0.163 0.197 6.331 2.897 5 1.090
13 2009 FAST 0.386 0.175 1.586 2.615 5 0.139
13 2010 FAST 0.351 0.161 1.708 3.673 5 0.186
14 2009 INDF 0.616 0.051 1.159 1.520 5 0.199
14 2010 INDF 0.474 0.062 2.036 1.550 5 0.277
15 2009 MYOR 0.500 0.115 2.290 1.063 5 0.210
15 2010 MYOR 0.536 0.110 2.581 1.873 5 0.599
16 2009 MLBI 0.894 0.343 0.659 4.648 5 0.225
16 2010 MLBI 0.585 0.390 0.943 5.680 5 0.001
17 2009 SMAR 0.530 0.073 1.661 1.248 5 0.691
17 2010 SMAR 0.521 0.101 1.527 1.683 5 0.171
18 2009 TBLA 0.680 0.091 1.012 1.191 5 0.131
18 2010 TBLA 0.667 0.068 1.111 1.196 5 0.186
19 2009 GGRM 0.325 0.127 2.455 1.851 5 0.195
19 2010 GGRM 0.058 0.135 27.209 2.814 5 0.302
20 2009 BATA 0.277 0.127 2.352 1.400 4 0.412
20 2010 BATA 0.315 0.045 2.085 2.127 4 0.462
21 2009 AKRA 0.632 0.035 0.959 1.319 3 0.015
21 2010 AKRA 0.627 0.041 1.048 1.545 3 0.670
22 2009 BUDI 0.511 0.092 1.142 1.063 3 0.152
22 2010 BUDI 0.084 0.023 1.029 1.044 3 0.779
23 2009 CLPI 0.474 0.141 1.913 2.808 3 0.194
23 2010 CLPI 0.512 0.103 1.845 0.384 3 0.325
24 2009 SOBI 0.414 0.125 1.535 1.643 3 0.271
24 2010 SOBI 0.543 0.038 1.179 2.428 3 1.185
25 2009 TPIA 0.350 0.176 3.148 0.930 3 0.226
25 2010 TPIA 0.317 0.116 3.209 1.143 3 0.418
26 2009 EKAD 0.462 0.100 1.407 1.002 3 0.102
26 2010 EKAD 0.388 0.120 1.763 1.176 3 0.068
27 2009 KKGI 0.450 0.117 2.457 2.463 3 0.150
27 2010 KKGI 0.418 0.315 2.561 7.436 3 0.057
28 2009 AMFG 0.225 0.034 3.783 0.632 3 0.258
28 2010 AMFG 0.172 0.139 6.296 1.284 3 0.052
29 2009 TRST 0.404 0.075 1.111 0.652 3 0.084
29 2010 TRST 0.390 0.067 1.235 0.677 3 0.308
30 2009 YPAS 0.353 0.097 1.455 2.310 3 0.721
30 2010 YPAS 0.345 0.105 1.467 2.607 3 0.631
31 2009 INTP 0.194 0.207 3.002 3.994 3 0.201
31 2010 INTP 0.146 0.210 5.554 3.974 3 0.257
32 2009 SMGR 0.203 0.257 3.582 3.670 3 0.483
32 2010 SMGR 0.156 0.233 2.917 4.601 3 0.504
33 2009 LION 0.161 0.124 8.001 0.563 3 0.209
33 2010 LION 0.145 0.127 9.441 0.795 3 0.168
34 2009 LMSH 0.455 0.033 2.125 3.086 3 0.240
34 2010 LMSH 0.402 0.094 2.444 5.304 3 0.039
35 2009 ARNA 0.577 0.078 0.792 0.916 3 0.072
35 2010 ARNA 0.525 0.091 0.972 1.141 3 0.163
36 2009 TOTO 0.477 0.181 2.063 0.892 3 0.095
36 2010 TOTO 0.422 0.178 2.097 2.192 3 0.306
37 2009 IKBI 0.124 0.051 7.183 1.006 4 1.332
37 2010 IKBI 0.180 0.008 5.007 0.791 4 0.931
38 2009 SCCO 0.637 0.018 1.203 0.899 4 0.328
38 2010 SCCO 0.634 0.052 1.265 0.980 4 0.098
39 2009 ASGR 0.391 0.107 1.237 1.070 4 0.566
29 2010 ASGR 0.384 0.156 1.463 1.612 4 0.273
40 2009 MTDL 0.617 0.010 1.493 0.865 4 0.203
40 2010 MTDL 0.618 0.032 1.610 0.907 4 0.067
41 2009 ASII 0.450 0.113 1.373 2.131 4 0.426
41 2010 ASII 0.480 0.127 1.262 2.520 4 0.445
42 2009 AUTO 0.272 0.165 2.174 1.264 4 0.307
42 2010 AUTO 0.265 0.204 1.757 2.235 4 0.444
43 2009 GDYR 0.656 0.101 0.770 1.018 4 1.514
43 2010 GDYR 0.638 0.058 0.860 1.084 4 1.321
44 2009 INDS 0.733 0.095 1.272 0.809 4 0.031
44 2010 INDS 0.705 0.092 1.287 1.216 4 0.127
45 2009 BRAM 0.167 0.053 3.454 0.756 4 0.780
45 2010 BRAM 0.190 0.090 4.018 1.005 4 0.419
46 2009 INTA 0.679 0.032 14.339 0.944 4 0.103
46 2010 INTA 0.733 0.051 1.226 1.395 4 0.086
47 2009 SMSM 0.422 0.141 1.587 12.399 4 1.355
47 2010 SMSM 0.467 0.141 2.174 15.530 4 0.861
48 2009 TURI 0.435 0.175 1.354 1.806 4 1.079
48 2010 TURI 0.427 0.128 1.512 1.963 4 0.187
49 2009 UNTR 0.428 0.156 9.525 2.545 4 0.305
49 2010 UNTR 0.456 0.130 1.566 3.223 4 0.421
50 2009 DVLA 0.292 0.092 3.050 1.385 5 0.349
50 2010 DVLA 0.250 0.130 3.717 1.784 5 0.227
51 2009 KLBF 0.261 0.143 2.987 2.372 5 0.137
51 2010 KLBF 0.179 0.180 4.394 4.929 5 0.201
52 2009 MERK 0.161 0.338 5.038 4.129 5 0.814
52 2010 MERK 0.165 0.273 6.228 4.972 5 0.924
53 2009 SQBI 0.174 0.412 5.453 3.593 5 0.624
53 2010 SQBI 0.159 0.289 5.689 3.597 5 0.940
54 2009 TSPC 0.251 0.121 3.468 1.268 5 0.455
54 2010 TSPC 0.263 0.136 3.368 2.418 5 0.598
55 2009 TCID 0.114 0.125 7.263 1.752 5 0.484
55 2010 TCID 0.094 0.126 10.684 1.477 5 0.489
56 2009 MRAT 0.135 0.057 7.179 0.597 5 0.265
56 2010 MRAT 0.126 0.063 7.473 0.846 5 0.172
57 2009 UNVR 0.505 0.407 1.003 11.769 5 0.800
57 2010 UNVR 0.535 0.389 0.851 15.004 5 0.897
58 2009 TLKM 0.488 0.117 0.602 1.577 7 0.550
58 2010 TLKM 0.443 0.118 0.915 1.365 7 0.692
59 2009 EXCL 0.678 0.062 0.330 1.278 7 0.533
59 2010 EXCL 0.570 0.106 0.490 2.225 7 0.315
60 2009 OKAS 0.591 0.019 1.797 1.529 8 0.050
60 2010 OKAS 0.646 0.014 1.410 1.385 8 0.268
61 2009 EPMT 0.463 0.110 1.923 1.074 8 0.191
61 2010 EPMT 0.447 0.079 1.935 1.253 8 0.244
62 2009 RALS 0.230 0.104 2.809 0.512 8 0.654
62 2010 RALS 0.231 0.102 2.850 0.596 8 0.498
63 2009 ASRI 0.456 0.026 1.688 0.985 6 0.024
63 2010 ASRI 0.517 0.063 1.439 1.667 6 0.033
64 2009 JRPT 0.453 0.074 1.120 1.328 6 0.239
64 2010 JRPT 0.507 0.080 1.160 1.506 6 0.239
65 2009 MKPI 0.323 0.142 0.247 1.891 6 0.973
65 2010 MKPI 0.294 0.145 0.398 1.809 6 0.397
66 2009 INCO 0.626 0.267 2.752 18.511 2 0.161
66 2010 INCO 0.510 0.221 3.910 4.336 2 0.560
67 2009 PJAA 0.236 0.090 1.971 0.901 6 0.435
67 2010 PJAA 0.313 0.090 2.000 1.190 6 0.451
68 2009 SMRA 0.613 0.038 0.890 1.481 6 0.117
68 2010 SMRA 0.649 0.038 0.990 1.625 6 0.234
69 2009 PLIN 0.598 0.066 0.864 2.616 8 0.019
69 2010 PLIN 0.876 0.117 3.517 2.093 8 0.009
70 2009 SCMA 0.409 0.121 3.435 0.891 8 0.870
70 2010 SCMA 0.409 0.211 3.547 3.042 8 0.833
Lampiran 3
Kode Jenis Industri
Kode Jenis Jenis Industri
1 Pertanian
2 Pertambangan
3 Industri Dasar dan Kimia
4 Aneka Industri
5 Industri Barang Konsumsi
6 Properti, Real Estate dan Konstruksi Bangunan
7 Infrastruktur, Utilitas, dan Transportasi
9 Perdagangan Jasa dan Investasi
Lampiran 4
Hasil Regresi Panel Data, Hausman Tes, dan Statistik Deskriptif
Descriptive Statistics
All results based on nonmissing observations.
===============================================================================
Variable Mean Std.Dev. Minimum Maximum Cases
===============================================================================
-------------------------------------------------------------------------------
All observations in current sample
-------------------------------------------------------------------------------
DPR .389855165 .315360973 .100000000E-02 1.51400000 140
DAR .413587760 .189123883 .939479743E-02 .893964055 140
ROA .129788254 .101689402 .765620319E-02 .820000000 140
CR 2.79636488 3.15213914 .175058883 27.2091639 140
MBVA 2.58699760 3.13106245 .383769295 18.5113934 140
JENIS 4.42857143 1.87809354 1.00000000 8.00000000 140
Hausman Test
| Random Effects Model: v(i,t) = e(i,t) + u(i) |
| Estimates: Var[e] = .430512D-01 |
| Var[u] = .473969D-01 |
| Corr[v(i,t),v(i,s)] = .524023 |
| Lagrange Multiplier Test vs. Model (3) = 16.03 |
| ( 1 df, prob value = .000062) |
| (High values of LM favor FEM/REM over CR model.) |
| Fixed vs. Random Effects (Hausman) = 7.86 |
| ( 5 df, prob value = .163906) |
| (High (low) values of H favor FEM (REM).) |
| Reestimated using GLS coefficients: |
| Estimates: Var[e] = .456263D-01 |
| Var[u] = .489115D-01 |
| Sum of Squares .123029D+02 |
Random Effect
+---------+--------------+----------------+--------+---------+----------+
|Variable | Coefficient | Standard Error |b/St.Er.|P[|Z|>z] | Mean of X|
+---------+--------------+----------------+--------+---------+----------+
DAR -.3911243800 .16896221 -2.315 .0206 .41358776
ROA .5479706126 .27875097 1.966 .0493 .12978825
CR -.3308453013E-02 .80230685E-02 -.412 .6801 2.7963649
MBVA .3765901191E-03 .90258797E-02 .042 .9667 2.5869976
JENIS .1389798327E-01 .17432216E-01 .797 .4253 4.4285714
Constant .4282395621 .11613510 3.687 .0002
(Note: E+nn or E-nn means multiply by 10 to + or -nn power.)
Lampiran 5
Laporan Keuangan PT Tripolypta Indonesia Tbk tahun 2010
Lampiran 6
Laporan Keuangan PT Champion Pasifik Indonesia Tbk tahun 2010
Lampiran 7
Laporan Keuangan PT Multi Bintang Indonesia Tbk
DAFTAR RIWAYAT HIDUP
Nama : Ivan Widhyasmoro
Nim : 232008248
Alamat Asal : JL. Cilepuk No. 10, Jatimakmur, Pondok Gede, Bekasi
Judul Skripsi : ANALISIS PENGARUH KEBIJAKAN UTANG,
PROFITABILITAS, LIKUIDITAS, KESEMPATAN
INVESTASI, DAN JENIS INDUSTRI TERHADAP
KEBIJAKAN DIVIDEN
Riwayat Pendidikan : SD Negeri Jatiwaringin XII, Bekasi, Lulus tahun 2002
SMP Negeri 157, Jakarta Timur, Lulus Tahun 2005
SMA Negeri 67, Jakarta Timur, Lulus Tahun 2008
Riwayat Seminar : Seminar Enterprenership 2009, 10 November 2009, , Fakultas
Ekonomika dan Bisnis UKSW, Balairung Utama UKSW
Seminar Nasional Akuntansi “ Arsitektur Standar Keuangan
di Indonesia dan Workshop Implementasi International
Financial Reporting Standard”, 1 April 2009, Fakultas
Ekonomika dan Bisnis UKSW, Balairung Utama UKSW
Seminar Kerohanian, “Keluargaku penting nggak sih?”, 14
April 2009, Campus Ministry, Balairung Utama UKSW
National Seminar On Accounting 2011, “Peran Akuntansi
dalam Pemberantasan Korupsi”, 28 April 2010, Fakultas
Ekonomika dan Bisnis UKSW, Balairung Utama UKSW
Seminar Redenominasi Rupiah, 19 Januari 2011, Fakultas
Ekonomika dan Bisnis UKSW, Balairung Utama UKSW
Seminar BRI, 5 Oktober 2011, Fakultas Ekonomika dan
Bisnis UKSW, Balairung Utama UKSW
Seminar Kesatuan Gereja Internasional (SKGI), ”One Body of
Christ”, 24-27 Juli 2012, Graha Bethany Nginden Surabaya
Riwayat Berorganisasi : Kepengurusan Lembaga Kemahasiswaan, Ascarya
Journalistic Club FEB UKSW periode 2009-2010, Sebagai
Divisi Layout Majalah e-time
Panitia Workshop Akutansi 2010, “Pengembangan Aplikasi
Sistem Informasi Akuntansi”, 8 Mei 2010, Ruang Multimedia
Perpustakaan Pusat UKSW, sebagai Koordinator Sie
Perlengkapan
Anggota Student Development Task Force (Tim Promosi)
FEB UKSW, periode 2010-2011, sebagai Koordinator Tim
Kreatif
Panitia acara National Seminar On Accounting 2011,
“Penyusunan Laporan Keuangan Bedasarkan SAK ETAP” 5-
6 April 201, Fakultas Ekonomika dan Bisnis UKSW,
Balairiung Utama UKSW, sebagai Sie Publikasi dan
Dokumentasi
Panitia acara “Retreat Giving with Love FEB UKSW” 9-11
Maret 2011, Villa Taman Eden Kaliurang, Sebagai
Koodinator Sie Musik
Asisten Dosen FEB UKSW matakuliah Manajemen
Keuangan, pada semester ganjil tahun 2011
Koordinator Asisten Dosen FEB UKSW untuk matakuliah
Manajemen Keuangan, pada semester genap tahun 2012
Asisten Dosen FEB UKSW matakuliah Laboratorium
Pengantar Akuntansi, pada semester genap tahun 2012